Highland Copper (CVE:HI) Shares Up 20% – Here’s Why

Highland Copper Company Inc. (CVE:HIGet Free Report)’s share price was up 20% during trading on Wednesday . The company traded as high as C$0.12 and last traded at C$0.12. Approximately 883,912 shares were traded during mid-day trading, an increase of 1,074% from the average daily volume of 75,290 shares. The stock had previously closed at C$0.10.

Highland Copper Price Performance

The stock has a market cap of C$77.32 million, a P/E ratio of 2.63 and a beta of 1.32. The company has a quick ratio of 10.92, a current ratio of 14.97 and a debt-to-equity ratio of 4.52. The company has a 50-day simple moving average of C$0.08 and a two-hundred day simple moving average of C$0.09.

About Highland Copper

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Highland Copper Company Inc, together with its subsidiaries, engages in the acquisition, exploration, and development of mineral properties in the United States. The company explores for copper deposits. Its primary properties include the Copperwood project; and the White Pine North project located in the Upper Peninsula of Michigan.

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